The TSX Venture Exchange has accepted for filing a secured and non-convertible gold prepayment agreement dated Sept. 26, 2025, between the company and an arm's-length party, Auramet International Inc. Pursuant to the agreement, the lender advanced a secured gold loan for an aggregate principal amount of $25-million (U.S.). The loan matures on Sept. 30, 2027, and is repayable by the company by delivering repayment gold in 18 equal monthly instalments following an initial six-month grace period.

Furthermore, the exchange has approved the issuance of 10 million non-transferable bonus warrants to the lender, each exercisable into one common share at 44 cents per share until Sept. 30, 2027, subject to an acceleration right.

For more information, please refer to the company's news release dated Oct. 1, 2025.